January 1, 2014

Fairfax CA Real estate had a great year with business cycle high unit sales.

If you compare the two charts below Structure Values vs. Lot/Location values you see that buyers buy in Fairfax more because of structure and less because of lot/location/town- if buyers can find a decent home at an acceptable value they will buy in Fairfax over San Rafael and /or San Anselmo.

Fairfax homes prices are still trading 11%-20% below peak 2007 prices depending on what data statistic one uses. However, the high unit sales shows that Fairfax has found its equilibrium pricing in our current economy.